Rapid Increase in Automotive Battery Market - Key Factors, Market Segments Regions and Industry Forecasts Analysis to 2025

The global automotive battery market size is anticipated to reach USD 95.57 billion by 2025, according to a new report by Grand View Research, Inc., registering a CAGR of 7.9% during the forecast period. Features of an automotive battery have evolved drastically over the years as modern engines are smaller in displacement and use lower-viscosity engine oils. Furthermore, modern fuel injectors spray the gasoline directly onto the cylinder itself. Due to this, batteries in recent times are connected to vehicle’s electrical system. Additionally, contemporary batteries act as a capacitor in the electrical system of vehicles to absorb voltage spikes, which are often created when the electric switch closes or opens.

Large-scale availability of batteries in various sizes and specifications along with high current level is expected to drive the market over the forecast period. Lead acid batteries are relatively cheaper as compared to other batteries and can be manufactured with relatively lower technology equipment, which in turn is projected to keep their demand high through 2025.

Sodium-ion batteries are the direct replacement of lithium-ion batteries, raw materials of which are costlier than the former. Moreover, Na-ion batteries are available in abundance. Compared to Li-ion batteries, they are a potentially safer and cheaper alternative. However, these batteries are still in the development stage and not available for practical use. In 2015, researchers developed a prototype of sodium-ion batteries in the industry standard of 18650 cylindrical formats.

Consensus to reduce carbon footprint is leading to a shift towards electric vehicles. Increasing fuel prices along with growing environmental concerns in developed countries are resulting in rising interest of individuals in electric vehicles. Several favorable regulatory initiatives are further supporting the sales of electric vehicles, which are estimated to augment the market.

Development of electric vehicles is also poised to be driven by an agreement promoted by the U.S., European Union, and Japan. The regions co-operate on the convergence of regulatory obligations to control cost pertaining to electric vehicles worldwide. Currently, electric cars represent a small share of the overall automobile sales, owing to which the agreement plays a crucial role in economic recovery and price-sensitivity of the industry.

Growing sales of vehicles and favorable government initiatives in developing economies such as India, China, Vietnam, and Mexico are likely to provide a fillip to the automotive battery market over the forecast period. For instance, in 2013, the Indian government set up the National Electric Mobility Mission Plan (NEMMP) 2020 to take into account various issues pertaining to vehicular pollution and national energy security. Penetration of electric vehicles in the India market is considerably low due to high cost of vehicles, low consumer disposable income, and absence of requisite infrastructure in the region. However, advent of low-cost EVs such as Mahindra e2o and Mahindra eVerito is projected to bolster the adoption in coming years, thereby providing substantial growth opportunities for the automotive battery market.

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https://www.grandviewresearch.com/industry-analysis/automotive-battery-market

Further key findings from the report suggest:

• Lead acid batteries are the most commonly used type. On the other hand, the lithium-ion batteries segment is expected to post the highest CAGR during the forecast period
• Sodium-ion batteries are anticipated to gain tremendous popularity after their commercialization, owing to abundant availability of raw materials
• In terms of vehicle, passenger vehicles are estimated to command more than half of the market revenue throughout the forecast horizon
• Asia Pacific dominated the market in 2016, accounting for over 48.0% of the market revenue
• Manufacturers either outsource powertrain or batteries from specialist suppliers or carry out the entire manufacturing process. Key players in the market includeHitachi; Ltd.; NEC Corporation; Johnson Controls; LG Chem Ltd.; and Tesla, Inc. These companies have a firm foothold in the market with capabilities to cater to the local as well as the international market.

Access press release of this research report by Grand View Research: https://www.grandviewresearch.com/press-release/global-automotive-battery-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Future Business Opportunities in Crop Protection Chemicals Market

The global crop protection chemicals market is expected to reach USD 90.09 billion by 2022, according to a new report by Grand View Research, Inc. Rapid population growth, which demands high food production coupled with rising awareness regarding food safety is expected to drive demand for crop protection chemicals.

The industry is highly competitive owing to the presence of numerous manufacturers spread across the globe. The manufacturers are expected to undergo mergers and acquisitions in order to strengthen their business and widen consumer base. Strong foothold of existing manufacturers such as Bayer AG, Dow AgroSciences, Syngenta and BASF in the market is expected to obstruct the growth of new players.

The industry players are expected to shift their focus to produce bio-based chemicals, in order to meet the rising consumer demand for environmentally friendly products. Increasing stringent regulations on the existing hazardous synthetic crop protection chemicals by government bodies such as EPA and OSHA is expected to hamper industry growth over the projected period.

High investments by major players to manufacture crop specific green protection chemicals with low cost is expected to impact the industry positively. The industry has numerous distributors and suppliers which reach the consumers from remote locations, which is likely to boost industry growth.

To request a sample copy or view summary of this report: 
https://www.grandviewresearch.com/industry-analysis/crop-protection-chemicals-market

Further key findings from the report suggest:

• Insecticides accounted for 37.6% of the global crop protection chemicals market in 2016 owing to their low cost and superior effectiveness against targeted insects on crops
• The demand for fungicides is expected to grow at a CAGR of 6.8% over the projected period owing to its ease of application and ability to improve storage quality of harvested crops and fruits
• Cotton was the largest application segment for the industry in 2016 and is expected to grow at a CAGR of 8.4%, which is driven by high demand from textile and medical industry
• North America was the leading market for crop protection chemicals in 2016, with the revenue of USD 18.52 billion, which was attributed to early product adoption and high spending capacity of the farmers in the region
• The Asia Pacific is likely to witness the highest growth, owing to increasing investments by the farmers in India and China to increase crop yield and improve quality of agricultural products in order to meet the rising demand
• The major players in the industry are expected to venture into local markets of the developing economies by acquiring the small-scale companies in order to strengthen company roots in the high potential markets

Access press release of this research report by Grand View Research: https://www.grandviewresearch.com/press-release/global-crop-protection-chemicals-Market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Impact of Existing and Emerging Rheumatoid Arthritis Drugs Market

The global rheumatoid arthritis therapeutics market size is expected to reach USD 30.4 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 4.6% during the forecast period. Some of the key trends driving the market are availability of novel biologics, increase in potential clinical pipeline candidates, and rise in aging population. Thus, growing availability and awareness of safer drugs are projected to escalate rheumatoid arthritis drugs market growth. 

Rheumatoid arthritis affects approximately 1% of the global population. The condition has different symptoms such as joint pain, swelling, and stiffness, which are generally accompanied by chronic pain and inability to perform daily activities. Over a prolonged period, this disorder can hamper a patient’s mobility and can lead to permanent joint damage. If left untreated, this disorder can lead to mobility impairment and risk of joint replacement.

Growing prevalence of the disease, presence of biologics & biosimilars, and well-defined regulatory guidelines are poised to provide a fillip to the market. According to the Arthritis Foundation, 64% of the population within the age group of 65 is likely to suffer from arthritis in U.S. Increasing awareness regarding disease remittance therapies and rising healthcare expenditure in developed regions are estimated to promote revenue growth.

Current treatment for rheumatoid arthritis includes generic pharmaceuticals such as NSAIDs and corticosteroids along with novel biologics such as JAK inhibitors and IL-6 antagonists, which are widely used in developed countries due to their high effectiveness. New product launches such as Infliximab and Adalimumab biosimilars are anticipated to work in favor of the market. Moreover, Eli Lilly’s Olumiant and AbbVie’s Upadacitinib are expected to cut down chances of disease remittance.

To request a sample copy or view summary of this report: 
https://www.grandviewresearch.com/industry-analysis/rheumatoid-arthritis-therapeutics-market

Further key findings from the report suggest:

• North America held 56.6% of the market in 2016 due to rising awareness regarding disease treatment, growing geriatric population, and high adoption of biopharmaceuticals for treatment
• Due to growing popularity, the biopharmaceuticals segment is projected to exhibit a CAGR of 8.3% during the forecast period
• Prescriptions are anticipated to emerge as more reliable and a preferred sales channel over the same period
• Asia Pacific is the most promising region, registering a CAGR of 9.5% between 2017 and 2025
• Some of the key players in rheumatoid arthritis market are AbbVie; Boehringer Ingelheim GmbH; Novartis AG; Regeneron Pharmaceuticals, Inc.; Pfizer, Inc.; Bristol-Myers Squibb Company; F. Hoffmann-La Roche Ltd.; UCB S.A.; Johnson & Johnson Services, Inc.; and Amgen, Inc.

Access press release of this research report by Grand View Research: https://www.grandviewresearch.com/press-release/global-rheumatoid-arthritis-therapeutics-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Abrasives Market Is Projected To Reach $59.34 Billion By 2025

The global abrasives market size is expected to reach USD 59.34 billion by 2025, according to a new report by Grand View Research, Inc., exhibiting a CAGR of 5.9% during the forecast period. Abrasive materials are used for grinding and polishing a substrate such as wood and metal. They are available in natural or synthetic form and possess properties such as purity, hardness, and brittleness.

Synthetic products are less expensive and perform the grinding and polishing process much better and faster than the natural ones, thus reducing the overall cost. It is for this reason artificial materials are gaining an edge over the natural ones, which include garnet, corundum, and emery.

Aluminum oxide, cubic carbon nitride, and synthetic diamond are various grains used for abrasive production. Several types of minerals, glues, resins, and backings are used to produce different products. These minerals are bonded with various agents and are deposited on cloth or paper to form coated abrasives. Superabrasives are another type of products that are used when hard materials require high quality surface finish.

Leading manufacturers include Noritake Co., Inc, Saint-Gobain S.A., The 3M Company, Henan Huanghe Whirlwind Co., Ltd, and TYROLIT Schleifmittelwerke Swarovski K.G. They manufacture products to serve various end-user sectors such as aerospace, automotive, oil & gas, retail, and furniture & wood working markets.

To request a sample copy or view summary of this report: 
https://www.grandviewresearch.com/industry-analysis/abrasives-market

Further key findings from the report suggest:

• The global abrasives market stood at 11.78 million tons in 2016. In terms of volume, the market is projected to expand at a CAGR of 4.5% during the forecast period.
• The metal fabrication sector is estimated to register the highest CAGR of 5.2% in terms of volume during the forecast period.
• In the North America and Europe regions, global manufacturers currently meet the demand for abrasives in high-end precision rolling and grinding. Rapid expansion of the market is providing lucrative opportunities for new entrants having technical expertise.
• Asia Pacific is expected to be the most promising region during the forecast period, holding over 55.0% of the total revenue by 2025. However, government norms in the region pertaining to the use of silica abrasives is likely to challenge the growth of the region.
• Saint-Gobain S.A. Asahi Diamond Industrial Co. Ltd, and The 3M Company are some of the manufacturers of superabrasive products.

Access press release of this research report by Grand View Research: https://www.grandviewresearch.com/press-release/global-abrasives-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Coated Fabric Market to Maintain a Healthy CAGR in Coming Years

The global coated fabrics market size is expected to reach USD 22.6 billion by 2020, according to a new report by Grand View Research, Inc. Growing automotive industry in the Asia Pacific, owing to the rapid urbanization and rising disposable income is expected to drive the demand for coated fabrics over the forecast period.

Rapid technology development coupled with growing industrialization is a key growth driver for the market. Moreover, implementation of strict regulations concerning workers’ safety is expected to boost the demand for protective clothing application. However, the environmental impact of fabric manufacturing is presumed to be a restraining factor for the development of the industry over the forecast period.

Renewed construction activities in the Asia Pacific are expected to benefit the demand for coated fabrics in furniture, awnings, wall coverings and canopies. The market is expected to be highly competitive over the forecast period due to increasing application scope wherein the product is being used for the production of airbags and automotive interiors.

Economic reforms in the Asia Pacific and Latin America is expected to offer growth opportunities to the market. However, increasing government initiatives targeted at curbing the environmental pollutions and limited raw material availability owing to the civil unrest in Middle Eastern and North African countries may hamper the growth the market.

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https://www.grandviewresearch.com/industry-analysis/coated-fabric-market

Further key findings from the report suggest:

• Polymer coated fabric accounted for over 85% of the total market share in 2016, owing to its increasing use in automotive, healthcare, and furniture applications where high fabric strength is a prerequisite.
• Transportation sector is expected to witness a significant CAGR of 5.5% owing to the increasing use of airbags in automobiles in order to follow stringent norms by government for ensuring driver and passenger safety.
• Asia Pacific is estimated to be the fastest growing region and expected to witness a growth rate of 6.8% over the forecast period on account of rising use in the production of automobile covers and tarpaulins
• The market exhibits a degree of consolidation owing to the vertical integration across the value chain by major players in order to lower the production cost by reduction of the logistics.

Access press release of this research report by Grand View Research: https://www.grandviewresearch.com/press-release/global-coated-fabrics-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com